Fundalysisby DARKHORSESTOCKS

Scheme

LIC MF Nifty 50 Index Fund

Holds 50 companies worth ₹345 Cr in Sept 2026.

  • Fund house

    LICThe fund house that runs this scheme.

  • AUM

    ₹345 CrLIC MF Nifty 50 Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 5.7% on Aug 2026, ₹366 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 10.4% of this scheme's NAV.

  • Fund manager

    Nikhil KapoorRuns it since 1 Apr 2026, as the fund house dates it. With Sasikant Aravamuthan (fund manager).

Overview(31 Aug 2026)

Fund managers2

  1. Nikhil KapoorFund manager · Apr 2026
  2. Sasikant AravamuthanFund manager · Jul 2026
  1. Sumit BhatnagarOct 2023 – Apr 2026

Key facts

Benchmark
Nifty 50 TRI
Risk
Very High
Expense
Regular 1.06% · Direct 0.55%
Exit load
0.25% if redeemed or switch out on or before completion of 7 Days from the date of allotment of units, Nil after 7 days
Started
5 Dec 2002
Minimum
₹5,000

Source.Its Scheme Summary Document as of 31 Aug 2026 at AMFI.

What changed(6 changes)

Jul 2026

1 change
  1. Sasikant Aravamuthan joined
    5 Julas fund manager

Apr 2026

3 changes
  1. Nikhil Kapoor joined
    11 Apras fund manager
  2. Sumit Bhatnagar left
    11 Aprran it as fund manager from Oct 2023
  3. Expense ratio
    7 AprRegular 1.08% → 1.06%Direct 0.64% → 0.55%

Jul 2025

1 change
  1. Expense ratio
    22 JulRegular 1.01% → 1.08%Direct 0.18% → 0.64%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Oct 2023 – now)

  1. Nikhil Kapoor
  2. Sasikant Aravamuthan
  3. Sumit Bhatnagar
MainCoSlice202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Aug 2026)

Every change to the expense ratio, newest first.
4 changesRegularDirectΔ pt
7 Apr 20261.06%0.55%0.09
22 Jul 20251.08%0.64%0.46
21 Oct 20241.01%0.18%0.02
14 Aug 20241.01%0.20%–
Direct plan, 7 Apr 2026
0.55%
Regular plan 1.06% · Exit load 0.25% if redeemed or switch out on or before completion of 7 Days from the date of allotment of units, Nil after 7 days
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(31 Aug 2026)

Objective

The main investment objective of the fund is to generate returns commensurate with the performance of the index Nifty based on the plans by investing in the respective index stocks subject to tracking errors. There is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended scheme replicating/tracking Nifty 50 Index
Benchmark
Nifty 50 TRI

Asset allocation it may hold% of NAV

  1. Equity / Equity Futures (in Nifty 50)
    Allowed95–100%Holds99.9%
  2. Money Market and other liquid instruments, Mutual fund units
    Allowed0–5%

Holds in Sept 2026.99.9% equity · 0.1% debt and cash

How to invest(31 Aug 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹500, then in multiples of ₹1
Most
No Limit
Systematic
SIP Details - Daily, Weekly,Monthly, Quarterly | SWP Details - Monthly, Quarterly ,Half Yearly,Yearly | STP Details - Daily, Weekly, Monthly, Quarterly
Dates
SIP : Daily - All business day, Weekly – Between Monday to Friday, Monthly - Any date between 1st to 28th, Quarterly - Any date between 1st to 28th| SWP Details - Monthly, Quarterly ,Half Yearly & Yearly - Any date between 1st to 28th | STP : Daily - All business day, Weekly - Monday to Friday* (*Default will be Friday), Monthly & Quarterly - Any date between 1st to 28th (*Default date/day-10th of the month)
Minimum
SIP Details - 100,150, 200, 1000 |SWP Details - 500,500,500,500 | STP Details - 100, 500, 500, 500, then sIP Details - 1 | SWP Details - 1 | STP Details - 1
Instalments
SIP Details - 60,40,30,6 | SWP Details - 6,4,4,4 | STP : 60,12,12,12
Most
SIP Details - No Limit | SWP Details - No Limit | STP Details - No Limit

Selling and switching

To redeem
₹500 or 1 units
Minimum balance
₹500 or 0.001 units
Switch minimum
As per Target Scheme or 0.001 units
Switch multiples
₹1 or No Limit units
Switch most
No Limit or No Limit units

Scheme details(31 Aug 2026)

What it is

Category
Index Fund
Offer
15 Nov 2002 to 25 Nov 2002
Started
5 Dec 2002
Plans
Regular Plan-IDCW Payout|Regular Plan-IDCW Reinv|Regular Plan-Growth|Direct Plan-IDCW Payout|Direct Plan-IDCW Reinv|Direct Plan-Growth
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Standard Chartered Bank
Auditor
M/s. Deloite Haskins & Co LLP
Registrar
KFin Technologies Ltd
SEBI code
LICM/O/O/EIN/02/10/0010